Solana ICO craze! Meme coins Milady Wif Hat, Whales Market and others attracted US$50 million

Last week, NFT artist Darkfarms successfully issued a new meme currency BOME (BOOK OF MEME) on the Solana network, using an ICO-like fundraising method to quickly attract a large number of investors. s concern. This incident triggered an upsurge in the issuance of meme coins similar to ICOs in the Solana ecosystem. Many project parties have joined this trend and raised funds publicly, attracting crazy pursuit from the community. This phenomenon is not uncommon in the cryptocurrency space, as investors are always eager to find the next project that will bring huge profits. The activity and innovation of the Solana ecosystem not only attract investors, but also provide artists and developers with more opportunities to explore and express their creativity, promoting the development of blockchain technology. As this

community set off a "money boom"

In this context, the meme currency project $LADYS announced its new model at around 20:30 last night (18th) Milady Wif Hat has launched a pre-sale, with a limit of 88,888 SOL (approximately US$17.7 million).

Reached the standard in less than two hours

Driven by the extreme FOMO sentiment of the community, LADYS received 25,000 SOL (USD 5,000,000) in just 30 minutes of pre-sale. , and less than two hours after the pre-sale started, 89,833.66 SOL were raised, exceeding its pre-sale limit by nearly 1,000.

Initially planned, LADYS intended to return 75% of the additional funds raised to investors, with the remaining 25% invested in the liquidity pool. But later, perhaps because they were worried about the objections of investors, they changed their minds and promised to return 100% of all excess funds.

The founder of Whales Market raised over 155,000 SOL in half an hour

Coincidentally, dexter, the founder of the over-the-counter trading platform Whales Market, also released its AI on X at almost the same time last night Astonishingly, the concept project raised more than 155,000 SOL in just half an hour, worth more than $32 million.

Similarly, dexter later also stated in (The upper limit of the project is US$30 million)

A SLERF investor lost 775,000 mg in one hour

However, it should be reminded that there are currently many such meme currency financing projects on Solana. And accompanied by huge uncertainty and volatility, investors may suffer huge losses!

For example, according to monitoring by on-chain data analyst Lookonchain, the meme currency project SLERF, which became popular yesterday evening and was quickly listed on major exchanges, had an investor who entered the market with FOMO and lost money in just one hour. 3,731 SOL (worth approximately US$775,000):

• The trader first spent 5,004 SOL to purchase 790,236 SLERF at a price of US$1.32. After the purchase, the price of SLERF was It started to plummet

• And when SLERF rose again, the trader spent another 2,500 SOL (approximately $517,000) to buy another 650,330 SLERF at a price of $0.8, but , SLERF fell again

• In the end, the trader chose to sell all the SLERF in exchange for 3,774 SOL, resulting in a total loss of 3,731 SOL, worth approximately US$775,000

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